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Automobile Cars

India Rejects BYD’s $1 Billion EV Proposal, Signals Strategic Shift Toward Tesla

By BPN News Desk
In a move that highlights India’s evolving investment strategy in the electric vehicle (EV) sector, the government has declined a $1 billion proposal from Chinese automaker BYD Co., while simultaneously paving the way for potential collaboration with U.S.-based Tesla Inc. The decision underscores New Delhi’s cautious stance toward Chinese investments, particularly in
Automobile Cars

India Restricts Market Access for Chinese EV Maker BYD Amid Efforts to Attract Tesla

By BPN News Desk
India has decided to restrict market access for Chinese electric vehicle (EV) manufacturer BYD Co., citing strategic and security concerns. Union Commerce Minister Piyush Goyal stated that the government needs to be cautious about foreign investments, particularly from countries with which India shares land borders. He emphasized that, as of now, BYD’s entry into the

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